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Tax Foundation Analyzes Tax Plans: 10-Year GDP (Trump +6.9%, Hillary -2.6%), Wage Growth (Trump +5.4%, Hillary -2.1%)

Thursday, October 20, 2016 1:26
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(Before It's News)

mishtalk.com / Mike “Mish” Shedlock / October 19, 2016

The Tax Foundation has an interesting analysis of Trump’s tax plan compared to Hillary’s.

Hillary is negative on GDP, capital investment, wage growth, and jobs. Trump is positive on all four under two different models.

Trump vs. Hillary Plan Comparison

Let’s dive into the discussion with a look at How do Clinton and Trump’s Tax Plans Compare?

Also consider Understanding the Candidates’ Tax Plans. Both articles are by the Tax Foundation. The following snips are from the second link.

Donald Trump Would Cut Taxes Significantly

Donald Trump’s tax plan would significantly cut taxes, while mostly steering clear of the more difficult task of broadening the tax base. His plan would cut the individual income tax for most taxpayers by cutting marginal rates and expanding the standard deduction. He would cut corporate income taxes by reducing the corporate income tax rate from 35 percent to 15 percent and allowing businesses to choose between a deduction for net interest expense and the full expensing of capital investments. His plan would also introduce a number of new childcare expense-related credits and deductions while eliminating both the personal exemption and head of household filing.

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The post Tax Foundation Analyzes Tax Plans: 10-Year GDP (Trump +6.9%, Hillary -2.6%), Wage Growth (Trump +5.4%, Hillary -2.1%) appeared first on Silver For The People.

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